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/biz/ - Business & Finance

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55876257 No.55876257 [Reply] [Original]

Are there any implications of this for us in the US?

>> No.55876293
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55876293

>>55876257
>take out $30B in loans
>ahhh, jeez dude, dey got me on deez pills man

>> No.55876300

>>55876257
inb4 angry top buying hoomer baggies

>> No.55876357

>>55876257
The housing market crash was caused by homeowners defaulting on their variable interest rate mortgages when the interest rates went up. People don't have those anymore. Yes, huge developers like this won't be able to refinance their debt, but that doesn't translate to a housing crash like we had in 2008.

What's more likely is that banks go under and commercial real estate crashes.

>> No.55876370

>>55876257
>market stronk
>buy the dip
>the future is female

>> No.55876396

>>55876257
I feel in the mood for an apple fritter. It's a total positive from the applety perspective

>> No.55876618
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55876618

This is a weird one. I guess it's predicated on Chinese having to liquidate overseas holding in places like Australia, NZ, Canada etc. and that cascading. Plausible I guess.

>> No.55876637

>>55876357
>People don't have those anymore
Oh sweet summer child

>> No.55876702

>>55876357
1/3 of canadian mortgages are variable.

>> No.55876755

>>55876357
Tons of people have variable interest in Canada and also the longest fixed rates we are allowed ar only 5 year terms which many are soon up for renewal soon at todays interest rates which are like 10x what they were

>> No.55876765

>>55876357
>variable interest rate mortgages
>people don't have those anymore
I'm Canadian so RIP for me

>> No.55878156

>>55876357
>banks go under
yeah it means crash>>55876357

>> No.55878242

>>55876357
The mechanics are different. The results will be similar. The difference is that if you compare 08 to a lightningbolt, this next crash will be more like a flood.

>> No.55878342

>>55876357
for china

>> No.55878429

>>55876257
$15 billion in 2008 is like $100 billion now adjusted for boomflation.

>> No.55878446

>>55876257
$28.1b is chump change nowadays

>> No.55878463

>>55876357
>What's more likely is that banks go under and commercial real estate crashes.
The FED gas a facility for that already.
No worries there.

>> No.55878492

>>55878463
>gas facility
seems like I had a German moment there